Ameriprise Financial Inc. Has $102.51 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Ameriprise Financial Inc. reduced its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 662,785 shares of the insurance provider's stock after selling 2,421 shares during the period. Ameriprise Financial Inc. owned 1.84% of The Hanover Insurance Group worth $102,506,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of THG. Wilmington Savings Fund Society FSB bought a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its holdings in The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 102 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after buying an additional 90 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in The Hanover Insurance Group by 226.0% in the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after buying an additional 235 shares during the period. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on THG shares. Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. JMP Securities increased their price target on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research note on Thursday, May 1st. Morgan Stanley increased their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Finally, StockNews.com upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $179.50.

The Hanover Insurance Group Stock Up 0.6%

Shares of THG stock traded up $1.02 on Monday, hitting $167.69. The stock had a trading volume of 171,568 shares, compared to its average volume of 207,104. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 14.34 and a beta of 0.44. The stock's 50 day moving average is $165.34 and its 200-day moving average is $160.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm posted $3.08 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. As a group, research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.15%. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, CEO John C. Roche sold 200 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now directly owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan J. Salvatore sold 10,526 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the sale, the executive vice president now directly owns 25,864 shares in the company, valued at approximately $4,308,942.40. This trade represents a 28.93% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,027 shares of company stock valued at $1,841,309. Company insiders own 2.50% of the company's stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.